US, Europe & China lead announcements heading into the weekend

November 11, 2016

As the dust begins to settle after the election, the markets are now beginning to focus more on announcements again, with the US, Europe and China all releasing plenty of data.

The US is releasing UoM (University of Michigan) Consumer Sentiment & Inflation Expectations. Fed Reserve Member Stanley Fischer is also speaking later as well. Both UoM figures are important as they help reflect consumer confidence in the country and also their spending habits. The speech by Fischer could be quite interesting as we get the insights of central bank decision makers in post-election America.

Europe is releasing a couple of pieces of data later tonight, including German CPI and German WPI (Wholesale Price Index). Like the figures coming out of the US, these figures give us an indication of consumer confidence and sentiment. Consumers spend more, they buy more products. This creates demand for products, which allows wholesalers to increase prices.

In China, they are releasing data sometime over the weekend (no time given). China is notorious for releasing some data when they want without sticking to a strict announcement timeline. That being said, they are releasing Foreign Direct Investment, M2 Money Supply and New Loans data.

Elsewhere, Japan is coming out with PPI (Producer Price Index) and Tertiary Industry Activity data, while the UK is releasing Construction Output data.

Also of note that later today and into tomorrow, US, France and Canada all have bank holidays.